Policy Uncertainty, Trade and Welfare: Theory and Evidence for China and the U.S.
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We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers. We
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美国国家经济研究局创建时间：
2013-08-01
